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Coquitlam Builders is a medium size home construction company. It wants to test the hypothesis that...

Coquitlam Builders is a medium size home construction company. It wants to test the hypothesis that the average size of a new home unit exceeds 2,400 square feet. A random sample of 36 newly constructed homes had a mean of 2,510 square feet. Assume that the standard deviation of the size for all newly constructed homes is 480 square feet. Toll Brothers would like to set α = 0.02. Using the confidence interval approach, what is the decision in this case? (3 points)

Math   Statistics-And-Probability   
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